Stocks To Watch


 🔹Oil Marketing Companies: Excise duty on petrol and diesel has been hiked by Rs 10 and Rs 13 respectively. This is the steepest such hike in excise duty. Retail fuel prices remain unchanged which means that OMCs will have to bear the brunt of the hike. HPCL, BPCL and Indian Oil were earning a gross marketing margin of Rs 18-20 on retail fuel which now stands reduced.

 🔹Reliance Industries: To redeem debt notes due in 2035 along with interest on June 5, 2020. The principal amount payable is $200 million and interest will be close to $5 million.

 🔹Adani Ports & SEZ: The company plans to reduce operating costs in FY21. It is expecting a slow pick-up in cargo volumes in Q2FY21. It is also anticipating a V-shaped recovery in H2FY21 post complete lifting of the lockdown.

 🔹VST Tillers Tractors: Power Tillers sales up 2.6 times at 761 units while Tractors sales down 24 percent at 328 units in April

 🔹Piramal Enterprises: Clarifies that no proposal has been placed before the board. Newspaper reports on Tuesday suggested that KKR looks to buy 20 percent stake in the company for Rs 3,500 crore.

 🔹Wipro: Signs MoU with Maharashtra to re-purpose its I.T. facility in Pune to a 450-bed Covid-19 hospital. Hospital to be converted back to an I.T. facility in a year.

 🔹Punjab & Sind Bank: To seek shareholders nod to raise Rs 500 crore of equity capital through QIP route in one or more tranches within the next 12 months.

 🔹United Breweries: Breweries have resumed its operations with a limited workforce in a phased manner.

 🔹United Spirits: Has resumed operations at majority of its manufacturing facilities with reduced capacity.

 🔹HIL: Has received permission from authorities to start operations in Maharashtra, Uttar Pradesh, Andhra Pradesh, Haryana and Telangana.

 🔹GE T&D India: Has partially resumed operations at most of its manufacturing locations and some of the project sites.

 🔹Greenply Industries: Supreme Court of India upheld the Special Leave Petition filed by the Union of India in civil appeal in respect of availing of area-based exemption under Central Excise.

 🔹Prince Pipe & Fittings: Has resumed manufacturing operations at various locations where the restrictions have been eased.

 🔹Pricol: Operations at two units in Coimbatore to resume from May 6.

 🔹Jindal Stainless: Resumed its operations at its Jajpur plant in Odisha.

 🔹Shilpa Medicare: Board approved establishing wholly-owned arms in Canada and Spain for business operations.

 🔹Titagarh Wagons: Italian arm has started operations from May 4.

 🔹Rallis India: Capacity expansion at Dahej slightly delayed amid Covid-19 lockdown.

 🔹NIIT Tech: Revenue up 3.3 percent to Rs 1,109.3 crore in the current quarter. Net profit falls 7.9 percent sequentially while Ebitda margins were flat at 17.9 percent from 18.1 percent in Q3. The company reported an exceptional loss of Rs 12.8 crore this quarter. It has said that it has $468 million of firm business executable over the next 12 months. The company's board has also approved changing

 🔹Non-Nifty Earnings Today: Adani Enterprises, Yes Bank, JM Financial, Kansai Nerolac, TCI Developers.